Hillsdale Investment Management Inc. Purchases 35,000 Shares of LiveRamp Holdings, Inc. $RAMP

Hillsdale Investment Management Inc. increased its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMPFree Report) by 16.0% during the 4th quarter, Holdings Channel reports. The fund owned 253,670 shares of the company’s stock after buying an additional 35,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in LiveRamp were worth $7,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division boosted its stake in LiveRamp by 4.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock worth $299,000 after acquiring an additional 470 shares during the last quarter. Engineers Gate Manager LP boosted its stake in LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after acquiring an additional 561 shares during the last quarter. US Bancorp DE boosted its stake in LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after acquiring an additional 564 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after acquiring an additional 583 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. boosted its stake in LiveRamp by 0.3% during the 4th quarter. Bronte Capital Management Pty Ltd. now owns 231,994 shares of the company’s stock worth $6,814,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP opened at $37.60 on Friday. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $37.91. The firm’s 50 day moving average price is $29.91 and its two-hundred day moving average price is $28.36. The firm has a market cap of $2.26 billion, a P/E ratio of 16.49 and a beta of 1.19.

LiveRamp (NYSE:RAMPGet Free Report) last announced its quarterly earnings results on Sunday, May 17th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The firm had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

LiveRamp announced that its board has initiated a share buyback plan on Thursday, February 12th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $38.50 in a research note on Monday, May 18th. Evercore started coverage on shares of LiveRamp in a research note on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price objective on the stock. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research note on Friday, May 22nd. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.21.

Get Our Latest Stock Report on LiveRamp

LiveRamp Company Profile

(Free Report)

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

See Also

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Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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